News
Mystery Surrounds Ratanakkiri’s First Special Economic Zone
Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yadaw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...
Chinese Firms Foresee Industrial Hub in Preah Vihear
Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...
Report shows lack of information on Chinese-Funded Railway
With locals demanding dialogue with the Chinese firms behind a proposed multibillion dollar rail line to Preah Vihear province, an NGO report released yesterday highlights the dearth of information that has been made available on the project. Chinese company Cambodia Iron Steel Mining Industry Group (CISMIG) ...
http://www.cambodiadaily.com/news/report-shows-lack-of-information-on-chinese-funded-railway-12723/
Locals in the Dark to Chinese Rail Project
With two Chinese firms due to start work on a 400-km railway, steel mill and port in July, an environmental impact assessment (EIA) has yet to be conducted, and affected provinces are still largely in the dark about the massive infrastructure project. In a ceremony in ...
http://www.cambodiadaily.com/business/locals-in-the-dark-to-chinese-rail-project-7128/
Trat businesses prepare for boon as Cambodian industrial estate opens
Businesses in Trat province have been told by officials to shape up and prepare for massive new opportunities when Cambodia opens the Koh Kong Industrial Estate later this month. The industrial estate, close to the Trat border, will be inaugurated by Cambodian prime minister Hun Sen ...
Rebuilding Cambodia's troubled railways
A project to rebuild Cambodia’s decrepit rail-system appears on track for completion, despite delays and difficulties relocating residents The ABC has been told of the $26 million originally allocated through AusAID, just over $14 million remains, and will go towards finishing tracks and building a bridge ...
http://www.abc.net.au/news/2012-10-10/an-rebuilding-cambodia27s-troubled-rail-system/4305676
Cambodia's 2nd largest port records 7.5 pct rise in shipments in 8 months
Container traffic through Phnom Penh Autonomous Port increased by 7.5 percent in the first eight months of this year versus the same period last year, hitting the port’s record on Tuesday. During the January-August period this year, the port had received 57,000 twenty-foot-equivalent units, or TEUs, ...
http://www.asean-china-center.org/english/2012-09/12/c_131845571.htm
Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which ...
Cambodia’s largest port reports US$14-M revenues, + 14% in 1st 5 months of Y 2012
Cambodia’s largest Sihanoukville Autonomous Port (SAP) Saturday reported that it earned the total revenues of about US$14-M in the 1st 5 months of this year, + 14 rise from US$12.3-M at the same period last year. Goods exported through the port are mostly garment products and ...
Fishermen repatriated in growing numbers
Five Cambodian workers rescued from slave-like conditions on a fishing vessel at a port in Senegal were repatriated last Thursday. Cambodia has rescued seven labourers from Senegal, four from South Africa and five from China this year, said Huy Pichsovann ...
Revenues for S'Ville Port Hit $14M in Five Months
Revenues generated at the Sihanoukville Autonomous Port increased 13.6 percent to $14 million in the first five months of 2012, compared to the same period last year, a port official said yesterday. Lou Kimchhun, director-general of the port, said that revenues came from a 9 percent ...
Sihanoukville port on track for stock float
The Sihanoukville Autonomous Port was making every effort to speed up preparations for its listing on the Cambodia Securities Exchange, the port’s chief executive officer, Lou Kim Chhun, said this week. The company would list 15% of it’s stock to begin with, and would ‘study ...
Capital port delayed until early next year
Quashing hopes of opening the Phnom Penh Port for the high trade season that begins in July, the port’s director said the pace of construction would push the official launch date into next year. ...
Sihanoukville port construction in final phase
The government will spend a total of $85 million, funded by a Japanese government loan, for the third and final phase of the expansion of Sihanoukville Autonomous Port, which will more than double the port’s import-export capacity by 2012, Prime Minister Hun Sen said yesterday. “It ...
Port in Kampot to turn province into regional trade hub
Kampot Port Co will break ground on a Kampot port in September, company officials said yesterday. The port will be an important part of a long-delayed Kampot Special Economic Zone (KSEZ), which is hoped to revitalise trade and commerce in the province. Vinh Huor, president of the ...
Boat owners complain new port a burden for business
The Phnom Penh Municipality opened a new port for boat operators along the riverside in Daun Penh district yesterday in an effort to regulate operations, keep the river clean, and ensure customer safety. The new port comes three years after City Hall banned boats from docking ...
Sihanoukville Port uncompetitive ahead of listing
Just months before Sihanoukville Autonomous Port is supposed to list on the Cambodia Securities Exchange, officials said yesterday that the state-owned enterprise is still more expensive and slower at processing goods than other ports in the region. An investor said that the problems confronting the port ...
Shipments increase at Sihanoukville Port
Shipments of freight through Sihanoukville Autonomous Port have seen a 14 percent growth in the second quarter of the year. The number of units passing through the port has risen by 8.6 percent compared to the same period last year. The majority of the shipments ...